Global Electronic Toll Collection System Market Anticipated To Reach Global Electronic Toll Collection System Market An

Global Electronic Toll Collection System Market Anticipated
To Reach USD$ 9.2 Billion By 2021
Date: 2017-06-11
Electronic toll collection (ETC) System aims to eliminate the delay on toll roads by collecting
tolls electronically. ETC determines whether the cars passing are enrolled in the program,
alerts enforcers for those that are not, and electronically debits the accounts of registered car
owners without requiring them to stop.
The conventional tolling systems is undergoing replacements with Electronic Toll Collection
System, which is the one of the major factors driving the growth for the Electronic Toll
Collection System market, and the growing demand for Electronic Toll Collection systems has
increasingly shifted focus towards optimization in the areas of efficiency, faster service, and
cost. According to research, the global Electronic Toll Collection System market projected to
reach USD$ 9.2 Billion by 2021.
On the basis of technology, the Electronic Toll Collection System is segmented into as RFID,
DSRC, and GPS/GNSS, according to research, the RFID currently accounted for the largest
share across the world. The increasing demand for efficient traffic management is a major
driver for the growth of this market.
In terms of geography, the North America is the largest region for the Electronic Toll
Collection System in terms of value, however, with the urbanization spread in Asia Pacific, the
Asia Pacific is considered as the fastest growing region for the forecast period, countries such
as China, India are the major contributors, according to research, the Asia Pacific is expected
to grow at a CAGR of 10.5% over 2017-2020.
Global top manufacturers operating in Electronic Toll Collection System market are 3M,
Atlantia SpA, CS Group, G.E.A., International Road Dynamics, Inc., Kapsch TrafficCom AG,
Perceptics Inc., Q-FREE ASA, Raytheon Company, Schneider Electric, SA, Siemens AG, TRMI
Systems Integration, Toll Collect GmbH, Transcore Holdings, Inc., and Xerox Corporation
among others.
Global Electronic Toll Collection System market share by region as following: